TERMS AND CONDITIONS SUMMARY

This document summarises the key features of the EasyEquities product, so that you can use this as a guide when reading the legal terms and conditions. This document is not a legal agreement. For a proper understanding, you must read all of the terms and conditions set out in the Agreement.

Parties

You and First World Trader Proprietary Limited (FWT) will trade EasyEquities.

What are EasyEquities? 

They are a combination of Securities (for example shares) and CFD Transactions bought via our online trading platform.

The Securities are listed on the JSE or other stock exchanges.

Where you cannot afford to buy a Whole Security, you can still invest in a fraction of a Security by entering into a CFD Transaction with us to obtain Fractional Security Rights.

We use a broker for Securities bought and sold on the JSE.

Regulations 

The sale of Whole Securities is subject to the Financial Advisory and Intermediary Services Act, 2002 (FAIS) – see paragraph 1.6.

The issue of CFD Transactions is not subject to FAIS, but are subject to the Consumer Protection Act, 2005 (CPA) – see paragraph 1.6.

FAIS does not govern our obligations to you in respect of CFD Transactions.

FWT is a registered financial services provider.

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PERIODIC UPDATES TO TERMS AND CONDITIONS

The introduction of new products to the site, changes to the operation of the platform, changes in legislation and other reasons may require us to make changes to our Terms and Conditions from time to time.

Whenever we update our T's and C's, we'll update you and keep a log of the changes made as well as the dates they are made on, in the table below.